Now Govia’s taking train drivers’ union Aslef to Supreme Court over Southern rail strikes January 11, 2017 Southern rail's parent company has said it will take legal action against train drivers' union Aslef to the Supreme Court over persistent strike action. In a statement Govia Thameslink Railway (GTR) said: “GTR is determined to protect its passengers and its business from unlawful industrial action. GTR is therefore prepared to continue its legal claim to [...]
Brent crude back above $55 as oil rebounds for the first time in three days January 11, 2017 Oil prices rose more than three per cent this afternoon and tipped Brent crude above $55 a barrel as a Wall Street rally and news of Saudi Arabia supply cuts to Asia buoyed the market. Global benchmark Brent crude was up 3.32 per cent, or $1.78 to $55.42 a barrel, while West Texas Intermediate crude was up 3.27 per cent, [...]
Thai-PO: Miner Metal Tiger ready to leap into first Thai float on London Stock Exchange January 11, 2017 Small-cap mining group Metal Tiger is planning to bring what it calls the "first IPO of a Thai operation on the London Stock Exchange" to the market later this year. Metal Tiger, which has been listed on the Alternative Investment Market (Aim) since mid-2014, will float the silver, lead and zinc-focused Thai joint venture on the [...]
Brent crude dips below $55 a barrel on a strong dollar and growing fears that supply cut efforts won’t be effective January 10, 2017 Oil prices fell more than two per cent today to their lowest level in almost a month, taking global benchmark Brent crude back below the $55 a barrel mark. Brent fell 2.4 per cent, or $1.29, to $53.65 a barrel in late evening London time. West Texas Intermediate crude, meanwhile, was testing $50 a barrel – [...]
Volkswagen confirms $4.3bn settlement with US regulators over diesel emissions scandal January 10, 2017 Volkswagen has confirmed it has negotiated a $4.3bn (£3.5bn) draft settlement with US regulators to resolve its diesel emissions scandal. The German car giant said in addition to the fine it will plead guilty to criminal misconduct as part of the civil and criminal settlement. It will face oversight from an independent monitor over the next three [...]
Argentina seals deal with foreign energy firms to develop mammoth shale oil and gas deposit January 10, 2017 Argentina's president has said the country has struck a deal with labour unions and a string of energy companies to lure investors to its massive shale oil and gas reserves. Oil majors including Chevron, Total, Shell, BP and Argentinian state energy firm YPF have been among the companies tipped to invest $5bn (£4bn) this year [...]
Trinidad and Tobago-focused oil firm Trinity Exploration dodges insolvency with restructuring and will rejoin Aim tomorrow January 10, 2017 A formerly debt-riddled Caribbean-focused oil and gas group will be rejoining London's Alternative Investment Market (Aim) tomorrow after a major restructuring and fundraising effort. Trinity Exploration, which works exclusively in Trinidad and Tobago, is rejoining the junior market after gaining approval from its creditors. It will be re-trading under former ticker "TRIN". The firm's restructuring talks [...]
More than 530 US companies and 100 investors beg President-elect Donald Trump and Congress to stick with low-carbon agenda January 10, 2017 More than 530 US companies and 100 investors have signed an open letter to President-elect Donald Trump demanding that the US reaffirms its commitment to a low-carbon economy and the Paris Climate Agreement. Corporate signatories of the letter, which is also addressed to President Obama, members of Congress and global leaders, span Fortune 500 stalwarts [...]
Daily Express owner and former porn baron Richard Desmond mulling sale of tabloids and other publications to rival Trinity Mirror January 10, 2017 Trinity Mirror shares rose in early trading after it emerged it was in talks with media mogul Richard Desmond to buy a stake in his four UK tabloids and other key publications. Shares rose 2.8 per cent to 100.23p after it confirmed it was in talks with Desmond's Northern and Shell Media Group to buy a minority interest [...]
Deliveroo riders speed towards legal action for workers rights with the lawyers that won rights for Uber drivers January 9, 2017 Legal eagles at the same law firm that last year won a landmark tribunal against Uber have said they are advising Deliveroo riders on potential legal action over workers rights. Law firm Leigh Day is counselling delivery staff at the food and drink service, which claims its riders are self-employed contractors and therefore not entitled [...]
